CAD/JPY - 1H - Technical analysis published on 05/22/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 76.89 JPY
My targets
76.53 JPY (-0.13)
75.87 JPY (-0.79)
My analysis
CAD/JPY is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 76.89 JPY. The next support located at 76.53 JPY is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 75.87 JPY. Below this support, sellers could then target 75.58 JPY.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CAD/JPY rating is 76.66 JPY. On the day, this instrument gained -0.67% and was traded between 76.52 JPY and 77.27 JPY over the period. The price is currently at +0.18% from its lowest and -0.79% from its highest.76.52
77.27
76.66
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CAD/JPY indicates that the overall trend is bearish. 75% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of triangle is broken
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 75.58 | 75.87 | 76.53 | 76.66 | 76.89 | 77.08 | 77.31 |
| Change (%) | -1.41% | -1.03% | -0.17% | - | +0.30% | +0.55% | +0.85% |
| Change | -1.08 | -0.79 | -0.13 | - | +0.23 | +0.42 | +0.65 |
| Level | Intermediate | Major | Intermediate | - | Minor | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 76.53 | 76.80 | 76.99 | 77.26 | 77.45 | 77.72 | 77.91 |
| Camarilla | 77.05 | 77.10 | 77.14 | 77.18 | 77.22 | 77.26 | 77.31 |
| Woodie | 76.49 | 76.78 | 76.95 | 77.24 | 77.41 | 77.70 | 77.87 |
| Fibonacci | 76.80 | 76.98 | 77.08 | 77.26 | 77.44 | 77.54 | 77.72 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 73.81 | 74.69 | 75.29 | 76.17 | 76.77 | 77.65 | 78.25 |
| Camarilla | 75.47 | 75.61 | 75.74 | 75.88 | 76.02 | 76.15 | 76.29 |
| Woodie | 73.66 | 74.62 | 75.14 | 76.10 | 76.62 | 77.58 | 78.10 |
| Fibonacci | 74.69 | 75.26 | 75.61 | 76.17 | 76.74 | 77.09 | 77.65 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 71.97 | 73.47 | 75.18 | 76.68 | 78.39 | 79.89 | 81.60 |
| Camarilla | 76.01 | 76.30 | 76.60 | 76.89 | 77.18 | 77.48 | 77.77 |
| Woodie | 72.08 | 73.52 | 75.29 | 76.73 | 78.50 | 79.94 | 81.71 |
| Fibonacci | 73.47 | 74.70 | 75.45 | 76.68 | 77.91 | 78.66 | 79.89 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 32.76 | |
| MACD (12,26,9): | -0.1600 | |
| Directional Movement: | -8.49 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 76.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 76.52 | |
| Elder Ray (13): | -0.05 | |
| Super Trend (3,10): | 77.02 | |
| Zig ZAG (10): | 76.63 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 20.44 | |
| TEMA (21): | 76.57 | |
| Williams %R (14): | -86.67 | |
| Chande Momentum Oscillator (20): | -0.45 | |
| Repulse (5,40,3): | -0.0900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 1.18 |
| MA7: | 76.86 | |
| MA20: | 76.42 | |
| MA50: | 76.59 | |
| MA100: | 79.37 | |
| MAexp7: | 76.70 | |
| MAexp20: | 76.87 | |
| MAexp50: | 77.05 | |
| MAexp100: | 77.01 | |
| Price / MA7: | -0.26% | |
| Price / MA20: | +0.31% | |
| Price / MA50: | +0.09% | |
| Price / MA100: | -3.41% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | -0.27% | |
| Price / MAexp50: | -0.51% | |
| Price / MAexp100: | -0.45% |
News
The last news published on CAD/JPY at the time of the generation of this analysis was as follows:
-
Quick Takes Video: BoC Hike Pushes CAD/JPY To Key Resistance, Now What?
-
Forex: Top FX Headlines: GBP/USD Awaits Catalyst; USD/CAD, CAD/JPY at Crossroads: 7/11/17
-
Technical Focus: CAD/JPY - Getting Ready for the Next Big Level
-
Forex: Top FX Headlines: USD/CAD, CAD/JPY in the Spotlight Today - Watch Crude Oil Price: 2/24/17
-
Harmony Stalking an Opportunity on CAD/JPY
This member declared not having a position on this financial instrument or a related financial instrument.
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